Adriana Pallis

BVZ - Bastos | Bari | Vilela | Zugman Advogados from SP, announced a partnership with SG - Schmeisser Gomes Advogados, from GO. This strategic partnership aims to expand BVZ’s presence in the Central-West region and STG’s range in São Paulo as well, enhancing both firms’ operations in new regions and in complementary practice areas. With this collaboration, clients of both firms will have access to physical offices and attorneys in São Paulo and Goiânia, supported by a joint team of over 80 lawyers. Furthermore, clients will earn access to services and partners with proven expertise and a solid track record in complementary areas and sectors, including corporate disputes, arbitration, insolvency, tax transactions, wealth planning, corporate governance, higher courts, agribusiness, and highly complex real estate transactions. In this article, the words of Ivo Bari (pictured left), partner at BVZ Advogados and Pedro Schmeisser (pictured right), partner at STG Advogados. #TheLatinAmericanLawyer #partnership #lawfirm #lawyers Read the full article -->https://lnkd.in/dDGDfUP9

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Brazilian Competition Policy According to an article published at Valor Econômico in Brazil, Alexandre Barreto, who was reappointed by President Lula as CADE's General Superintendent, revealed in an interview his goals for his new mandate. The focus will be on the opening of new investigations, especially into cartels in public tenders and cases related to the digital economy. Concerning cartels in public tenders, Barreto said that the GS has invested in partnerships with the Public Prosecutor's Office, the Office of the Comptroller General and the Federal Court of Accounts, seeking to act more efficiently in investigations and aiming to avoid overlapping with the activities of other bodies. Furthermore, he said that the General Superintendence was investing in intelligence activities, such as the use of federal data from "comprasnet", which would make it possible to quickly identify signs of a cartel during the bidding phase, even preventing it from materializing. Regarding digital economy, he said that there is a need for a new look at anticompetitive practices in this sector. For Barreto, it is necessary to develop new theories of damage since the tools that currently exist in antitrust for traditional markets do not apply so well to digital markets. On this matter, he commented, for example, that the "killer acquisition" theory could harm the development of start-ups, which are often created precisely with the intention of being acquired by big techs in the future. Still about the digital universe, specifically regarding the usage of artificial intelligence, he said that what draws CADE's attention is the use being directed towards the production of an anti-competitive effect, not the instrument itself. He complemented they are also paying attention to the airlines' price formation process. The interview also revealed that 5 leniency agreements have been signed this year, which will soon lead to the opening of new investigations; that the GS intends to use artificial intelligence tools to speed up the analysis of fast-track procedure cases; that the renegotiation of Petrobras’ Cease and Desist Agreements is not unprecedented and that renegotiation of agreements at CADE is common. https://lnkd.in/e3qSBkHt #competition #cade #digital markets #public biddings #cartel #abuse of dominance

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Reflecting on 2024: growth, challenges, and exciting horizons ahead This year has been nothing short of incredible—marked by new projects, new clients, and navigating new laws and regulations in our fields of practice. At Veirano Advogados, we’ve seen remarkable growth—not only in our practice but also in the firm itself, which has welcomed almost 20 new partners over the past couple of years. Looking ahead, the future is both bright and challenging. The LGPD has reached maturity, the ANPD is active, and Brazil's IP landscape is evolving rapidly. We're witnessing a rise in transactions in the Entertainment sector while Privacy and Artificial Intelligence regulations take shape, creating new opportunities and complexities. Amid this wave of work and transformation, I feel incredibly honoured by the trust our clients place in us. These projects wouldn't be possible without the unwavering support of an amazing team. Our IP/IT and Entertainment group, now comprising 30 talented professionals, is dedicated to crafting creative and tailored solutions that help our clients achieve their goals. As 2024 draws to a close, I’m filled with gratitude for the support and recognition from both clients and peers. None of this would have been possible without the trust and collaboration of our clients, who inspire us to deliver excellence every day. In just a month, we’ll embark on another exciting journey into 2025—ready to embrace new challenges, lean on the strength of our team, and continue building success hand-in-hand with our clients. Here’s to the future and to all we’ll accomplish together! #VeiranoAdvogados #IPLaw #TechnologyLaw #EntertainmentLaw

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𝗛𝗢𝗪 𝗛𝗔𝗦 𝗧𝗛𝗘 𝗡𝗢𝗩𝗘𝗟𝗧𝗬 𝗢𝗙 𝗣𝗜𝗟𝗟𝗔𝗥 𝟮 𝗕𝗘𝗘𝗡 𝗔𝗕𝗦𝗢𝗥𝗕𝗘𝗗 𝗜𝗡 𝗕𝗥𝗔𝗭𝗜𝗟? (link para a versão em português no primeiro comentário) Three weeks have passed since the issuance of the Brazilian norms instituting Pillar 2 (MP 1.262 and IN 2.228, creating a QDMTT through an additional CSLL), and I would like to share some points I've observed in my daily routine, which has been quite intense regarding this topic. First of all, I notice that the understanding that the change is "revolutionary" in several aspects is gradually spreading. This starts with the realization that the common mentality (in Brazil) of litigating against the rules will not solve the problem in most cases (and might make it worse). Similarly, it seems that there is also a growing understanding that the rules were well-crafted from the perspective of Pillar 2, although some improvements need to be adopted: directly positive points that are not there but are in the comments or guidances, transpositions that should be made from the IN to the MP, specific changes in some rules to improve them, such as the wording of the internalization of reference documents and the issue of Brazilian GAAP being mandatory. Moreover, it is also becoming clear that we need to deal with our past to avoid more problems in the future. I refer specifically to the fact that our TBU rules (CFC) can cause a series of problems when applied in conjunction with Pillar 2 (not only the Brazilian one but also that of other countries), and to issues related to our M&A operations taxation mechanism that should be adjusted, among other changes. The Brazilian rules instituting the QDMTT may have been well-crafted (and they were, in my opinion, as I mentioned above), but they will not be applied in a vacuum. There is a pre-existing tax system that needs to "converse" with the new rules. We have important work to do here. Finally, from a more practical point of view, the main question that has arisen is "where to start?". The answer is usually the same: it is necessary to map the multinational group with a P2 vision, understand the sensitive points of the structure, and then start getting into the calculations, generally with the safe harbors approach first, and a gradual deepening from there, culminating in an overall understanding of the group's situation and establishing the strategy for the future. Another common question is "Can we go straight to the full calculation?". Yes, of course, but experience shows that it is not the best approach most of the time. In this transition period, understanding the macro and the trend, and anticipating potential major problems, is often more relevant than getting into the details of the calculation. The keywords are "understanding" and "planning". We have a lot of work ahead.

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For the international transactional lawyer, this change limiting the selection of Brazilian judicial forums will change the analysis undertaken in drafting cross border contracts. For example in situations involving a transaction between a US company and a Brazilian company, where one is forced to specify a Brazilian judicial forum because arbitration is not a viable option, the US company in the past often tried to mitigate the "home court" advantage of the Brazilian company by specifying a Brazilian forum different from that where the Brazilian company had its center of operations--a forum that in many instances may be recognized as more sophisticated and competent because of the sophistication of its business community. So for instance, where a US company is undertaking a transaction with a company based in Recife, the US company might require the dispute to be heard in São Paulo. With the new law, that may no longer be a viable option as an overworked court in the designated forum may try to clear its docket of any future dispute by relying on the new law to dismiss the action, even where the parties are both content on using the selected forum. At the very least, the parties selecting a forum should in the forum selection clause, specify why the selected forum has specific ties to the forum justifying its selection to try to withstand future actions based on the new law designed to alter that choice. As noted in the article, the change in law will also likely have an impact on arbitration clauses. For agreements where enforcement of an arbitration decision would require action in a Brazilian court (because, for example where the Brazilian party only has assets in Brazil), it has been common to specify arbitration on Brazilian soil--albeit in the English language using international rules. Enforcement of such arbitration decisions rendered on Brazilian soil in Brazilian courts did not require homologation (which has been abused by Brazilian parties trying to avoid enforcement), as would be the case for an arbitral decision not rendered on Brazilian soil. Now in those instances one has to take into account the requirements of the new law in designating the specific city where the arbitration should occur. The seat of arbitration can be determinative of what forum is to be used to litigate issues involving arbitral issues including enforcement of arbitral decisions.

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Good morning from sunny Silicon Valley! Brazil is currently making effort towards solidifying its position as the largest Corporate Venture Capital (#CVC) market in Latin America, driving innovation, supporting startups, and attracting global investors. Key Points: 🔹 The Brazilian Export and Investment Promotion Agency (ApexBrasil) is prioritizing CVC growth, especially in deep tech sectors 🔹Brazil hosts over 50% of Latin America’s unicorns, and 60% of venture funds in the region flow into the country, with a 63% increase in CVC deals from January to September 2024 compared to 2023. Brazil’s CVC ecosystem is not just thriving—it’s setting the pace for innovation and growth in Latin America and beyond. For more, give this article a read - https://lnkd.in/g4R9dJju #deeptech #brazil #techlaw #vc #innovation #venturecapital #latam #foleyforward #garage2global Foley & Lardner LLP

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Today, I had the privilege to interview 吴 WU志坚 ZHIJIAN Benjamin Wu during the Keynote fireside chat in the IAM and WTR Live Latin America IP Summit. It was a very insightful conversation which highlighted the importance of the Brazilian jurisdiction in the global patent transaction scenario. Thank you, Benjamin, for the generosity of sharing your opinion on such very important matters. #iam #daniellaw

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Happy to share our client alert released yesterday on the Brazilian Ministry of Finance's recent proposals aimed at regulating digital platforms in Brazil. This significant development was detailed in a report released on October 10, 2024, which outlines 12 statutory measures designed to enhance the regulation of digital markets in Brazil. Key highlights of the proposals include: 👉 the introduction of a new instrument to address 'systemically relevant platforms,' which will be discussed by the National Congress through a bill. 👉 possible changes in CADE’s enforcement of the Brazilian Competition Act (Law No. 12,529 of 2011). For more detailed insights, read the full alert on our website: https://lnkd.in/dwarZm96 #CADE #Brazil #CompetitionLaw #DigitalMarkets #PinheiroNetoAdvogados #antitrust

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The Brazilian #EYITSConference 15th Edition this year was an outstanding record success: from #BEPS2.0 / #Pillar2, #TPOECD, compensatory adjustments and customs impacts, to the #BrazilianTaxReform and Panels on Tech/GenAI, we take fertile discussions to a high-level of Clients in the audience, to whom we do appreciated for the prestige. Gustavo Carmona Sanches moderated a panel with Daniel Loria (Secretariat of the Br Tax Reform Director) and Jason Yen (former American Treasury), providing thought-provoking insights on the international tax policy outlook for Brazil and the US. Well organized by Rita André Martins and Suzana Bicalho Hoefle, that edition also featured on special guests from abroad, our partners: Katherine Pinzón-Romero, Al Paul, and Tim Gunning, who contributed with Marcio Roberto de Oliveira, Ian Craig, and TP team to enhance even more local expertise; Elizabeth Arrendale shared her innovative strategies to Patrick Seixas and Tax Transactions team; Ramon Taboada, Nicolás Brancoli, Abril Rodríguez Esparza, Milton Gonzalez Malla, and Gustavo Scravaglieri, brought different international tax points of view to debate with Priscila Vergueiro, Mariano Manente, Mark Conomy, and Carlos Eduardo Cavalieri. Finally, Giovanni Schiavone and Leandro Cassiano showed some of the most modern tech solutions (e.g. #BEYondTax, #EY.Q, and #EY.Guru), #GenAI tools of which we have been applying to elevate Tax Departments as a modern game changer into companies.

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I recently gave an interview to Valor Econômico S/A about R&W insurance (Representations & Warranties) in M&A transactions in Brazil. 📈 Interesting aspects: 🛡️ The insurance aims to cover risks of non-compliance with representations and warranties. 📊It was used in 75% of private equity transactions and 64% of large cap transactions in the United States last year, according to a study by Woodruff Sawyer. 📉 According to Camila Lonzetti Vieira de Carvalho Director of M&A and Factor Risk Management, an English insurance brokerage, the reduction in M&A volume over the past two years could also boost the market. This results in increased competition among insurers, who seek to diversify their risks, reduce exposure, and increase product offerings. 💰 The still high price of R&W insurance in Brazil could change if its use becomes more popular. 📝I will soon publish an article on the topic with Camila Lonzetti Vieira de Carvalho and Victor Sigaud. Stay tuned! Trench Rossi Watanabe #M&A #R&WBrazil #mergeracquisitionBrazil #Brazilissurance #trenchrossi

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[EN] Rapporteur announces changes to bill regulating artificial intelligence in Brazil The rapporteur of Bill 2338/23, which aims to regulate artificial intelligence in Brazil, Eduardo Gomes, announced that the bill's text will be updated soon to meet sectorial demands and seek a political consensus for its approval. He emphasized the importance of careful regulation to avoid damaging investments and highlighted the lack of global rules. Gomes predicts that the bill will go through decisive weeks and emphasizes that it will suffer further changes during its approval process. He also mentioned the maintenance of sectoral powers for regulatory agencies, coordinated by the National Data Protection Authority (ANPD). Link: https://lnkd.in/dDAP_iz3 Machado, Meyer, Sendacz e Opice Advogados #BrazilAI #BrazilianAIAct

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Inorganic expansion has been the strategic path for companies to expand their business in a scenario of Brazilian high interest rates and fiscal risk.

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Big Tech through the lenses of Brazil’s competition watchdog CADE and the path ahead The so-called Brussels Effect has reached Brazil. The Draft Brazilian Digital Markets Bill, which foresees not only regulatory oversight of Big Tech platforms by the Brazilian National Telecommunications Agency but also its funding by Big Tech itself (!), is still pending since November 2022. A new government report recommends adding new rules under the existing competition law regime enforced by the Brazilian competition authority Conselho Administrativo de Defesa Econômica - Cade instead. Find out more about the details of the current regulatory landscape in Brazil to tackle Big Tech power and the potential path ahead below. By Vicente Bagnoli https://lnkd.in/dMGnhPZy

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Tauil & Chequer Advogados associado a Mayer Brown advised Cyrela on the public distribution of real estate receivables certificates (CRIs), in the total amount of R$ 1 billion, with automatic registration with the CVM. In another transaction, the firm advised CashMe, part of the Cyrela Group, on the public distribution of CRIs worth approximately R$341 million. In both transactions, Tauil e Chequer relied on partner Bruno Cerqueira (pictured) and associate Camila Torelli, both from the Capital Markets & Securitization practice. Read the full article >> https://lnkd.in/dXbGXPkY #TheLatinAmericanLawyer #capitalmarkets

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I’m thrilled to share my insights featured in a recent article on stock option plans in Brazil, published by Brazilian Report and authored by Cedê Silva. The Superior Court of Justice (STJ) ruled that stock options should not be classified as remuneration, impacting taxation and revenue collection. As highlighted in the article, our team from Simões, Ribeiro, Bernardini & Furiati Advogados gathered information from 2014 to 2024 on stock option plans submitted by all public companies in Brazil. As we navigate this legal landscape, I’m excited to see how this decision will shape the adoption of stock options, not only among publicly held corporations but also within closed companies, especially startups! 🇧🇷 #Finance #StockOptions #CorporateLaw #Brazil #STJ #Startups https://lnkd.in/dsrf2Bwr

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I am delighted to share that Simões Pires Advogados, represented by Valéria Wessel Souza Rangel de Paula , Rafael Simões Pires and I are attending this amazing event! If you are here, please come share your insights with us and let's grab a pint together! #legaltechtalk #legaltech #legalops

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Our latest article on drug ads in Brazil:

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